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Samsung is a leading global manufacturer that competes with Apple and Google. Key financial figures for Samsung, Apple, and Google follow. $ millions Samsung Apple
Samsung is a leading global manufacturer that competes with Apple and Google. Key financial figures for Samsung, Apple, and Google follow.
$ millions | Samsung | Apple | ||
---|---|---|---|---|
Current Year | Prior Year | Current Year | Current Year | |
Average assets | $ 296,845 | $ 282,723 | $ 352,121 | $ 254,351 |
Net income | 18,653 | 38,049 | 55,256 | 34,343 |
Revenues | 197,691 | 209,163 | 260,174 | 161,857 |
Required:
1. What is the return on assets for Samsung in the (a) current year and (b) prior year?
2. Does Samsung's return on assets exhibit a favorable or unfavorable change?
3-a. Is Samsung's current-year return on assets better or worse than that for Apple?
3-b. Is Samsung's current-year return on assets better or worse than that for Google?
Complete this question by entering your answers in the tabs below. What is the return on assets for Samsung in the (a) current year and (b) prior year? Note: Round your percentage answers to one decimal placeStep by Step Solution
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